Apartments in River Market Kansas City

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River Market

A Kansas City Neighborhood

Summary

This eclectic 150-year-old riverfront neighborhood is bordered by the Missouri River to the north and downtown’s Central Business District to the south. River Market draws huge crowds each weekend to the City Market for the region’s largest farmers market, so fresh produce, local crafts and bulk spices are never out of reach. Maybe that’s the reason there are so many farm to table restaurants in the area. If you want one of River Market’s apartments, start looking early and often. The neighborhood’s combination of urban vigor and serene waterside vistas is highly desirable, highly walkable and apartments fill up fast. For those working in the Central Business District, a River Market apartment can provide a perfect city getaway, and it’s still only 6 miles away from the University of Missouri-Kansas City campus.

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$821
Studio
$1,191
1 Bedroom
$1,436
2 Bedrooms
$1,238
3 Bedrooms
$1,292
4 Bedrooms
$2,250
5+ Bedrooms
Get your search on...

Kansas City:
October Rent Report

Welcome to the October 2020 Kansas City Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the October 2020 key findings and figures for the Kansas City rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Kansas City and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Kansas City rent prices in the chart below.

Monthly Rent Report

Kansas City Rent Prices Decrease From September to October

Kansas City rent prices decreased over the last month. From September to October, the city experienced a -1.36% decrease for the price of a one-bedroom apartment. The rent price for a Kansas City one-bedroom apartments currently stands at $1,085.0.

When we take a look at the two-bedroom comparison from September to October, Kansas City experienced a 0.31% increase for the price of a two-bedroom apartment. The rent price for a Kansas City two-bedroom apartments currently stands at $1,282.0.

October Prices: Kansas City vs. Surrounding Areas

Rent Prices in Kansas City and Surrounding Areas

Rent prices have decreased in Kansas City over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Kansas City suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Overland Park, KS, Lees Summit, MO .

  • Rent decreased in Lenexa, KS, Shawnee, KS, Mission, KS, Leawood, KS.

  • 1 suburb is currently priced higher than the city of Kansas City.

  • 5 suburbs are currently priced lower than the city of Kansas City.

October 2020 Pricing Trends: Kansas City vs. National Comparisons

Kansas City Rent Prices More Affordable Than Major Cities

Rent growth in Kansas City over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Kansas City rent prices appear to be relatively affordable for local residents.

The price for a Kansas City one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's October 2020 National Apartment Report and data set here.

For more information about Kansas City and surrounding area rent prices, take a look at the complete data set below.

Data set for Kansas City and suburbs

1 BR October 1 BR M/M % Change 2 BR October 2 BR M/M % Change
Kansas City, MO $1,100.0 -0.18% $1,278.0 -0.16%
Overland Park, KS $1,023.0 0.39% $1,305.0 -0.31%
Lenexa, KS $1,044.0 -1.04% $1,284.0 -1.53%
Lees Summit, MO $1,024.0 0.79% $1,355.0 5.53%
Shawnee, KS $868.0 -0.80% $943.0 3.51%
Mission, KS $877.0 -0.45% $976.0 1.88%
Leawood, KS $1,612.0 -0.80% $2,183.0 -3.28%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.